Global Standards for the world economy

Tuesday 18 February 2020

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Work plan for IFRSs

Extractive Activities

Extractive Activities (Paused)


Project milestones


The objective of this research project is to assess the feasibility of developing one set of financial reporting requirements for investigative, exploratory and development activities across a wide range of activities.

If the IASB decides to add the project to its agenda, the project’s objective would be to develop an IFRS on accounting for extractive activities that would supersede IFRS 6 Exploration for and Evaluation of Mineral Resources.

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Project news

May 2012 The Board unanimously supported initiating a research programme, focusing initially on discount rates; the equity method of accounting; extractive activities/intangible assets/R&D; financial instruments with the characteristics of equity; foreign currency translation; non-financial liabilities; and financial reporting in high-inflation and hyperinflationary economies.

October 2010
A summary of the feedback received in response to the discussion paper Extractive Activities was presented to the Board. Please  click here for the observer notes from that meeting.

7 May 2010  Web presentation of the discussion paper Extractive Activities

6 April 2010 The IASB publishes the discussion paper Extractive Activities


Last IASB meeting update

October 2010 The staff presented to the Board a summary of the feedback received in response to the discussion paper Extractive Activities. The Board also received an analysis of possible alternatives for defining the scope of a potential future project on extractive activities, based on feedback received in response to the discussion paper. The Board did not make any decisions at this meeting.

Click here  to view the full update and to access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playbacks.


Next discussed by the IASB

The extractive activities research project is now complete. Any subsequent decisions on extractive activities will be made only within the context of developing a possible future agenda proposal.


Page last updated: 17 February 2013

Related information

Click here for a Snapshot summary on the discussion paper.

Click here for a list of participants in the research project's Advisory Panel.